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CPI Card Group Inc.（PMTS）与Quad/Graphics, Inc.（QUAD）财务数据对比。点击上方公司名可切换其他公司
Quad/Graphics, Inc.的季度营收约是CPI Card Group Inc.的4.1倍（$630.6M vs $153.1M）。CPI Card Group Inc.同比增速更快（22.3% vs -11.0%）。Quad/Graphics, Inc.自由现金流更多（$137.2M vs $35.2M）。过去两年CPI Card Group Inc.的营收复合增速更高（16.9% vs -1.9%）
CPI Card Group Inc.是知名的支付卡生产及配套解决方案供应商，主营接触式、非接触式信用卡、借记卡、预付卡的制造与个性化定制服务，客户以北美地区的金融机构、金融科技企业及零售品牌为主。
奎德图形是一家总部位于美国威斯康星州萨塞克斯的营销服务企业，主营各类印刷与营销服务，业务覆盖受众定向、全渠道媒体策划投放、创意内容制作、零售展示包装、邮件优化及消费者分析等领域，可同时服务实体与数字媒体渠道。2025年，该企业位列美国大型广告集团、北美大型商业印刷企业之列。
PMTS vs QUAD — 直观对比
营收规模更大
QUAD
是对方的4.1倍
$153.1M
营收增速更快
PMTS
高出33.3%
-11.0%
自由现金流更多
QUAD
多$102.0M
$35.2M
两年增速更快
PMTS
近两年复合增速
-1.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $153.1M | $630.6M |
| 净利润 | $7.3M | — |
| 毛利率 | 31.5% | 21.6% |
| 营业利润率 | 12.0% | 5.9% |
| 净利率 | 4.8% | — |
| 营收同比 | 22.3% | -11.0% |
| 净利润同比 | 8.5% | — |
| 每股收益（稀释后） | $0.62 | $0.22 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PMTSQUAD
| Q4 25 | $153.1M | $630.6M | ||
| Q3 25 | $138.0M | $588.0M | ||
| Q2 25 | $129.8M | $571.9M | ||
| Q1 25 | $122.8M | $629.4M | ||
| Q4 24 | $125.1M | $708.4M | ||
| Q3 24 | $124.8M | $674.8M | ||
| Q2 24 | $118.8M | $634.2M | ||
| Q1 24 | $111.9M | $654.8M |
净利润PMTSQUAD
| Q4 25 | $7.3M | — | ||
| Q3 25 | $2.3M | $10.2M | ||
| Q2 25 | $518.0K | $-100.0K | ||
| Q1 25 | $4.8M | $5.8M | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $1.3M | $-24.7M | ||
| Q2 24 | $6.0M | $-2.8M | ||
| Q1 24 | $5.5M | $-28.1M |
毛利率PMTSQUAD
| Q4 25 | 31.5% | 21.6% | ||
| Q3 25 | 29.7% | 22.8% | ||
| Q2 25 | 30.9% | 21.6% | ||
| Q1 25 | 33.2% | 20.6% | ||
| Q4 24 | 34.1% | 22.4% | ||
| Q3 24 | 35.8% | 21.8% | ||
| Q2 24 | 35.7% | 22.1% | ||
| Q1 24 | 37.1% | 20.4% |
营业利润率PMTSQUAD
| Q4 25 | 12.0% | 5.9% | ||
| Q3 25 | 9.4% | 4.5% | ||
| Q2 25 | 7.3% | 2.4% | ||
| Q1 25 | 11.5% | 3.1% | ||
| Q4 24 | 12.7% | 2.8% | ||
| Q3 24 | 14.3% | -0.7% | ||
| Q2 24 | 12.5% | 2.4% | ||
| Q1 24 | 12.6% | -1.6% |
净利率PMTSQUAD
| Q4 25 | 4.8% | — | ||
| Q3 25 | 1.7% | 1.7% | ||
| Q2 25 | 0.4% | -0.0% | ||
| Q1 25 | 3.9% | 0.9% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 1.0% | -3.7% | ||
| Q2 24 | 5.1% | -0.4% | ||
| Q1 24 | 4.9% | -4.3% |
每股收益（稀释后）PMTSQUAD
| Q4 25 | $0.62 | $0.22 | ||
| Q3 25 | $0.19 | $0.21 | ||
| Q2 25 | $0.04 | $0.00 | ||
| Q1 25 | $0.40 | $0.11 | ||
| Q4 24 | $0.56 | $0.11 | ||
| Q3 24 | $0.11 | $-0.52 | ||
| Q2 24 | $0.51 | $-0.06 | ||
| Q1 24 | $0.46 | $-0.60 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $21.7M | $63.3M |
| 总债务越低越好 | $286.7M | $369.9M |
| 股东权益账面价值 | $-17.3M | $-59.5M |
| 总资产 | $403.2M | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PMTSQUAD
| Q4 25 | $21.7M | $63.3M | ||
| Q3 25 | $16.0M | $6.2M | ||
| Q2 25 | $17.1M | $6.7M | ||
| Q1 25 | $31.5M | $8.1M | ||
| Q4 24 | $33.5M | $29.2M | ||
| Q3 24 | $14.7M | $12.5M | ||
| Q2 24 | $7.5M | $12.8M | ||
| Q1 24 | $17.1M | $10.2M |
总债务PMTSQUAD
| Q4 25 | $286.7M | $369.9M | ||
| Q3 25 | $308.4M | — | ||
| Q2 25 | $310.9M | — | ||
| Q1 25 | $280.7M | — | ||
| Q4 24 | $280.4M | $377.1M | ||
| Q3 24 | $280.2M | — | ||
| Q2 24 | $269.7M | — | ||
| Q1 24 | $265.3M | — |
股东权益PMTSQUAD
| Q4 25 | $-17.3M | $-59.5M | ||
| Q3 25 | $-25.7M | $96.7M | ||
| Q2 25 | $-29.0M | $87.0M | ||
| Q1 25 | $-29.7M | $87.4M | ||
| Q4 24 | $-35.6M | $-131.2M | ||
| Q3 24 | $-42.8M | $50.9M | ||
| Q2 24 | $-44.6M | $79.1M | ||
| Q1 24 | $-48.5M | $89.2M |
总资产PMTSQUAD
| Q4 25 | $403.2M | $1.3B | ||
| Q3 25 | $407.1M | $1.3B | ||
| Q2 25 | $399.8M | $1.2B | ||
| Q1 25 | $351.9M | $1.2B | ||
| Q4 24 | $349.7M | $1.3B | ||
| Q3 24 | $342.3M | $1.4B | ||
| Q2 24 | $321.4M | $1.4B | ||
| Q1 24 | $319.8M | $1.4B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $39.6M | $145.9M |
| 自由现金流经营现金流 - 资本支出 | $35.2M | $137.2M |
| 自由现金流率自由现金流/营收 | 23.0% | 21.8% |
| 资本支出强度资本支出/营收 | 2.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 5.39× | — |
| 过去12个月自由现金流最近4个季度 | $41.3M | $50.7M |
8季度趋势，按日历期对齐
经营现金流PMTSQUAD
| Q4 25 | $39.6M | $145.9M | ||
| Q3 25 | $10.0M | $-8.4M | ||
| Q2 25 | $4.3M | $47.4M | ||
| Q1 25 | $5.6M | $-89.0M | ||
| Q4 24 | $26.7M | $158.8M | ||
| Q3 24 | $12.5M | $2.4M | ||
| Q2 24 | $-4.8M | $3.9M | ||
| Q1 24 | $8.9M | $-52.2M |
自由现金流PMTSQUAD
| Q4 25 | $35.2M | $137.2M | ||
| Q3 25 | $5.3M | $-20.6M | ||
| Q2 25 | $533.0K | $34.4M | ||
| Q1 25 | $292.0K | $-100.3M | ||
| Q4 24 | $21.6M | $147.3M | ||
| Q3 24 | $11.1M | $-9.8M | ||
| Q2 24 | $-6.0M | $-11.7M | ||
| Q1 24 | $7.4M | $-70.1M |
自由现金流率PMTSQUAD
| Q4 25 | 23.0% | 21.8% | ||
| Q3 25 | 3.8% | -3.5% | ||
| Q2 25 | 0.4% | 6.0% | ||
| Q1 25 | 0.2% | -15.9% | ||
| Q4 24 | 17.3% | 20.8% | ||
| Q3 24 | 8.9% | -1.5% | ||
| Q2 24 | -5.0% | -1.8% | ||
| Q1 24 | 6.6% | -10.7% |
资本支出强度PMTSQUAD
| Q4 25 | 2.9% | 1.4% | ||
| Q3 25 | 3.4% | 2.1% | ||
| Q2 25 | 2.9% | 2.3% | ||
| Q1 25 | 4.3% | 1.8% | ||
| Q4 24 | 4.0% | 1.6% | ||
| Q3 24 | 1.2% | 1.8% | ||
| Q2 24 | 1.0% | 2.5% | ||
| Q1 24 | 1.3% | 2.7% |
现金转化率PMTSQUAD
| Q4 25 | 5.39× | — | ||
| Q3 25 | 4.32× | -0.82× | ||
| Q2 25 | 8.39× | — | ||
| Q1 25 | 1.17× | -15.34× | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 9.70× | — | ||
| Q2 24 | -0.79× | — | ||
| Q1 24 | 1.63× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
QUAD
| Catalog Publications Retail Inserts Books And Directories | $300.6M | 48% |
| Direct Mail And Other Printed Products | $147.1M | 23% |
| Imaging Marketing Services And Other Services | $79.8M | 13% |
| Logistic Services | $61.4M | 10% |
| Other | $39.3M | 6% |
| Other Revenues | $2.4M | 0% |
